Proposed Arkansas highway funding plan includes fuel tax

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     (AP) – An Arkansas House committee has approved and sent to
the full House bills intended to fund highway construction, maintenance and
improvements and to raise the tax on gasoline and diesel fuel by 6.5 percent to
pay for the bonds.
     If eventually approved by the Legislature, the proposals that moved out of the
House Public Transportation Committee Thursday would ask voters to approve the
measures.
     The bills sponsored by Republican Rep. Dan Douglas of Bentonville would allow
the state Highway Commission to issue the bonds for 20 years and, if the bond
issue is approved, to levy the 6.5 percent tax increase to pay for the bonds.
     Supporters say the measures will raise about $200 million a year for state
road improvements and maintenance.

   

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